Monday, April 26, 2010

Count Giuseppe Panza di Biumo, 1923-2010

Count Giuseppe Panza, a major (and occasionally controversial) contemporary-art collector and supporter of American museums, has died at the age of 87. Los Angeles Times critic Christopher Knight has written a fascinating piece about Panza (who may not have officially been a count, it turns out), in which he links to the nine-hour interview he conducted with Panza in 1985 for the Smithsonian Archives of American Art. (Who knows what other treasures are buried in the continually rewarding AAA?)

It's an unbelievable text. Knight highlights a particularly wonderful passage in which Panza admits that not buying Warhol in the early 1960s was a mistake. "I believed that Lichtenstein was better, and in 1962 Warhol looks to me close to Lichtenstein but not so good as Lichtenstein," Panza said at the time. "But it was a mistake, because it was not true." Greg Allen has pointed out some choice passages on Panza's interest in Rauschenberg and Turrell and his preference for abstraction.

I haven't come close to making it through the entire interview, but here are some other favorites. Panza discusses his finances and habit for overspending (despite rarely paying more than $10,000 for a single work):

MR. KNIGHT: After having collected for almost exactly 20 years, why did you stop?DR. PANZA: Well, I stopped for economical reason. I run out of cash!MR. KNIGHT: [Laughs] That'll do it!DR. PANZA: No more money available. I always spent all the money it was possible to spend. Unfortunately after 1976, '75, my business was not so good as before. I already made something dangerous, from a financial point of view, to have spent so much money between 1969 and 1975.

...

DR. PANZA: Because when I decide to buy, I was so sure that the work had to be purchased, and in the largest extent possible. Because the work was important.

It turns out that missing Warhol wasn't his only error. He also stopped collecting Lichtenstein early on, partly at his wife's request.

MR. KNIGHT: On a rather lower level, why did you stop with Lichtenstein? You have four pictures.DR. PANZA: Yes. Because I made a big mistake. It was one of the biggest mistake of my life as collector. Because in '62 I bought seven Lichtenstein. I pay $600 each. My wife do not like Lichtenstein. She is always with me in the judgment of art, and is my main support for my collection-without my wife, it would be impossible to have the collection I have, because she was always very interested in art and we had always the same judgment. She is more smarter than me.

Panza also mentions that he came to appreciate Raphael as a result of understanding Marcel Duchamp's work, whose work he discovered through — interestingly enough — Robert Rauschenberg. :

The detail became a painting, in Raphael. If you look at the finger of the virgin, you see a landscape, because of this finger became an element of nature; this steady transition from the past to the whole is extremely interesting. How this art was developed and I understood through Duchamp.

I ran more photos of the Hirshhorn's exhibition of its Panza acquisitions at the end of 2008. (Panza also gave and sold work to MOCA, SFMOMA (earlier this month), and the Guggenheim.) Art+Auction's Judd Tully provides some details on Panza's feud with Donald Judd (no relation), who, echoing columnist Gary Wills' assessment of Richard Nixon, compared the collector to the Iliad Thersites. "He cannot be embarrassed, he cannot be shamed, he cannot be silenced. He has never done anything wrong," Judd wrote.